Solocal Group : A substantial increase in capital to weather the crisis
>Capital increase and debt restructuring - Solocal announced on Friday 3 July a refinancing deal in several stages, with a maximum capital increase of € 347m. This “radical†solution has been retained to reduce debt and, in parallel, to secure a state-guaranteed loan. The GoldenTree fund, a bondholder, would therefore become the group’s leading shareholder with a minimum stake of 15.5% (and which could rise to a maximum of 40.7%). We think it is entirely possible tha...Solocal Group SA is a France-based company, which is engaged in local online communication. The Company provides digital content, advertising solutions and transactional services that connect people with local businesses. Solocal Group SA operates in France, Spain, Austria and the United Kingdom and supports the online development of SMB and client accounts, mainly through its four flagship brands: PagesJaunes (engaged in local advertising and information on the Internet and in mobile and print media), Mappy (a portal of services relating to travel: maps, journey planners, local area information searches, before and during the journey), Ooreka (a database of content with practical guides, tutorials, among others, written by such specialists as notaries, lawyers, doctors, electricians and gardeners, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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